Sub: In case of developer, failure to submit Intimation (Annexure IV) to choose option of either 5% or 12%.

Sub: In case of developer, failure to submit Intimation (Annexure IV) to choose option of either 5% or 12%. https://www.taxtmi.com/forum/issue?id=115855 If a developer fails to submit Annexure IV electing a tax option by the deadline, the notification provides that the option is deemed to have been exercised for the applicable tax category; invoices issued before formal exercise are permitted but must conform to the option that will be or is deemed to be exercised. The supplied text does not set out specific penalties for late submission. en-us Sat, 04 Jan 2020 17:31:41 +0530 Thu, 23 Jan 2025 15:54:52 +0530 TaxTMI RSS Generator Sub: In case of developer, failure to submit Intimation (Annexure IV) to choose option of either 5% or 12%. https://www.taxtmi.com/forum/issue?id=115855 If a developer fails to submit Annexure IV electing a tax option by the deadline, the notification provides that the option is deemed to have been exercised for the applicable tax category; invoices issued before formal exercise are permitted but must conform to the option that will be or is deemed to be exercised. The supplied text does not set out specific penalties for late submission. Discussion-Forum GST Sat, 04 Jan 2020 17:31:41 +0530 https://www.taxtmi.com/forum/issue?id=115855